Why has the stock market been so strong in recent years? One answer is that Corporate America has never been so profitable. The following graph depicts corporate profit margins since 1947, and you will note that the current reading of 13.2% is 80%...
I rarely have the vision to connect seemingly unrelated dots but recently picked up on a fascinating phenomenon. (It may be obvious to others, and I am just a little slow!) It seems that America is characterized by a large and growing gap...
The daily noise of the economy, politics, and markets makes it very difficult to take the long view, but I try very hard (with mixed success) to “look around the corner.” One sweeping trend that does not garner enough discussion is the major...
One of the lessons I have learned in a long investment career is not to overreact to headlines since ultimate outcomes frequently differ from initial indications. We may currently be experiencing a great example of this phenomenon with regard to income and wealth...
